Read time: 2 minutes

Susan Collins Will Filibuster Financial Reform, But Olympia Snowe Says She's OK With Being The Lone Republican

The President is heading to NYC on Thursday to tout the new financial reform bill which is still being worked on while the Maine Twins are at it again

The President is heading to NYC on Thursday to tout the new financial reform bill which is still being worked on while the Maine Twins are at it again.

Susan Collins flatly rejected it after meeting with Geithner and said she will filibuster it.

Sen. Susan Collins (R-Maine) announced after meeting with Treasury Secretary Timothy Geithner on Monday that she will vote to filibuster a Democratic Wall Street reform bill.

Her announcement hurts Democratic chances of moving financial reform legislation through the Senate this week.

--

Collins said she and Geithner found common ground on many areas of financial regulatory reform and urged Democrats to spend several more weeks negotiating the measure. Collins said it was unlikely that her concerns could be addressed within the next few days so that Reid could stick to his schedule...read on.

Meanwhile, Queen Olympia Snowe says that she doesn't mind being the only Republican vote if they work out their differences.

It would be going too far to say Sen. Olympia Snowe (R-ME) is a shoe-in to vote for the Democrats' financial regulatory reform bill. But after a meeting with Treasury Secretary Tim Geithner this afternoon, she sounded much more optimistic about the prospects for a swift bipartisan vote on a slightly modified package than she did last week--and that's even if she's the only Republican who ends up voting with the Democrats.

"I'm optimistic that maybe the Democrats won't go forward with the bill as it is," Snowe told reporters outside her office. "Over the next few days, hopefully, something will change to make that possible. I don't see why it would be impossible because frankly I think that there isn't that much of a gap."

Will the Obama Administration trust Snowe again after what she did on HCR? The administration already caved to Mitch McConnell on the 50 billion dollar liquidation fund that would be paid for by Wall Street and he balked anyway. As is the Luntz way, he wants to start all over again. Will Snowe break the filibuster? Good luck with that.

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $21 for 2021? Please consider a one-time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team